Look at this graphic and then use the data to answer the following questions.

Source: Cips/Market: Bank of England; Barclays; Thomson Reuters Datastream.
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Oct 1998: Why did the BoE cut rates in 1998?
Dec 1999: Why did the FTSE 100 (share prices) hit all-time high?
June 2004; Why was the £ (ex rate) very high?
Sept 2008: Why did the BoE cut rates sharply?
May 2009: Why did the QE start?
2013: Should interest rates rise….? Bullet the key points for and against a rise at that time. What else would you like to know before making a decision?